ASX 200 Chart Scans: PLS, RIO, FMG Extend Downtrends as ANZ Slides Unexpectedly

June 23, 2025 04:39 PM AEST | By Team Kalkine Media

ASX 200 Chart Scans: PLS, RIO, FMG Extend Downtrends as ANZ Slides Unexpectedly — Image source: Shutterstock

Unexpected Appearance: ANZ Group Joins Downtrend List

Among the more notable entries in the Downtrends Scan List is ANZ Group Holdings Ltd (ASX:ANZ), a significant banking stock historically viewed as comparatively stable. Its inclusion marks a sharp shift in technical sentiment, influenced by a distinct downward move identified late last week. A close near session lows has shifted control to supply, drawing attention from trend-based charting models.

This change in trajectory has surprised long-time observers of the banking sector, where ANZ has generally displayed resilience compared to other major financial stocks listed on the ASX 100.

Feature Decliners from the Latest Scan

Other prominent stocks joining the negative scan include Australian Clinical Labs Ltd (ASX:ACL), Amcor Ltd (ASX:AMC), Iluka Resources Ltd (ASX:ILU), and Platinum Asset Management Ltd (ASX:PTM). Each has been highlighted due to recent bearish formations in their price action and continued failure to regain key support levels.

Vulcan Steel Ltd (ASX:VSL) and Weebit Nano Ltd (ASX:WBT) also appear among this group, reflecting sector-wide weakness and persistent bearish trend structure.

Bright Spots in an Otherwise Mixed Market

Amidst the broader downtrend, several companies have shown firm upward momentum and continue to appear on the Uptrends Scan List. Noteworthy performers include APA Group (ASX:APA), Brambles Ltd (ASX:BXB), Droneshield Ltd (ASX:DRO), and Xero Ltd (ASX:XRO), all supported by consistent demand signals.

Digital and technology-linked names like Zip Co Ltd (ASX:ZIP) and Elsight Ltd (ASX:ELS) also ranked prominently, with their recent charts highlighting sustained positive flows and healthy technical structure.

Ventia Services Group Ltd (ASX:VNT) is another name showing strength, benefitting from broader gains in infrastructure and services-related segments of the All Ordinaries.

Summary of Today’s Trend Analysis

While downward momentum continues to dominate in large-cap miners and energy producers, unexpected trends in financials like ANZ Group (ASX:ANZ) reflect a broadening of market pressures. The latest chartwatch scans reinforce that while certain segments remain under technical strain, others — particularly in infrastructure and tech — maintain structurally sound uptrends.

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